OSI Systems, Inc. (NASDAQ:OSIS) Receives Consensus Rating of “Buy” from Brokerages

OSI Systems, Inc. (NASDAQ:OSIS) has been given a consensus rating of “Buy” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $173.00.

A number of analysts have recently commented on OSIS shares. Roth Mkm boosted their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company increased their target price on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Bank of America initiated coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, B. Riley raised their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

Insider Activity at OSI Systems

In related news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. This represents a 46.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares in the company, valued at $66,523,062.36. This represents a 4.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock valued at $6,071,809 over the last ninety days. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its position in OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after acquiring an additional 631,486 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of OSI Systems by 713.1% in the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after purchasing an additional 85,904 shares during the period. Great Lakes Advisors LLC bought a new position in shares of OSI Systems in the 2nd quarter worth approximately $5,208,000. Edgestream Partners L.P. bought a new stake in OSI Systems during the third quarter valued at approximately $5,061,000. Finally, Envestnet Asset Management Inc. increased its holdings in OSI Systems by 174.6% during the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock valued at $6,927,000 after buying an additional 32,029 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Price Performance

OSIS opened at $152.22 on Tuesday. OSI Systems has a 12-month low of $117.07 and a 12-month high of $158.69. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.30 and a beta of 1.10. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $144.31 and a two-hundred day simple moving average of $142.18.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Research analysts predict that OSI Systems will post 9.12 earnings per share for the current fiscal year.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.